Korea’s SK Telecom to divest $277m worth of Kakao stocks
Transaction is priced at $25.6 per share equivalent for 10,818,510 shares of Kakao that SK Telecom holds.
April 25, 2025
SK Networks, formerly SK Global, has sold a 1.3% stake in SK Telecom, Korea's largest listed company, with a market capitalization of $13 billion. However, the deal, which was completed after Korea's close yesterday (Wednesday), will not become fungible with the outstanding ADR float for 40 days.
